The Taoiseach has been responding to criticism of Ireland’s tax regime by British Prime Minister David Cameron this week.

Thursday 2 October 2014 11:46
Sunday 18 February 2018 04:43

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ENDA KENNY HAS responded to criticism of Ireland’s tax regime by British Prime Minister David Cameron by saying the ‘Double Irish’ tax loophole is not promoted by government agencies.

The Taoiseach was responding to remarks by Cameron earlier this week when he identified a “problem with the low rate of corporation tax” in Ireland, saying some businesses are not even paying the 12.5 per cent rate.

This is because of the so-called ‘Double Irish loophole’ which allows multinational companies to legally shift their profits offshore and avoid paying tax.